American Healthcare REIT (NYSE:AHR) Sets New 12-Month High – Still a Buy?

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.11 and last traded at $53.1420, with a volume of 353776 shares. The stock had previously closed at $52.50.

Analyst Ratings Changes

A number of research analysts have recently commented on AHR shares. KeyCorp boosted their price target on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Zacks Research lowered American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. UBS Group lifted their price target on American Healthcare REIT from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Citigroup upped their price objective on shares of American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $60.00 target price on shares of American Healthcare REIT in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.00.

American Healthcare REIT Price Performance

The firm has a market capitalization of $9.37 billion, a P/E ratio of 378.14, a PEG ratio of 2.00 and a beta of 1.03. The business’s 50-day simple moving average is $48.53 and its 200 day simple moving average is $45.93. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio is presently 714.29%.

Insider Buying and Selling at American Healthcare REIT

In related news, Director Jeffrey T. Hanson sold 19,208 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $48.40, for a total transaction of $929,667.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

A number of hedge funds have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Optiver Holding B.V. increased its position in American Healthcare REIT by 83.1% during the 3rd quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock valued at $27,000 after buying an additional 296 shares in the last quarter. Trust Co. of Vermont purchased a new position in American Healthcare REIT during the third quarter valued at $28,000. Finally, Los Angeles Capital Management LLC bought a new stake in American Healthcare REIT in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

About American Healthcare REIT

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.